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race, lost the majority of americans voting and a house. they lost two seats in the senate. mitt romney got 47% of the popular vote. that, ladies and gentlemen, is a devastating defeat. >> republicans hold the house and the house -- >> lost a majority of the popular vote -- >> under our constitution, there is a house, senate, and a presidency. >> susan rice's never-ending sunday talk show nightmare. >> i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a political role at the height of a contentious presidential election campaign by agreeing to go on the sunday shows. -- to present the administration's position. >> main republican senator susan collins after hearing from u.n. ambassador susan rice on capitol hill. she also tried to tie susan rice to the 1998 embassy bombings in kenya and tanzania. now, for a while it looked like senators graham mccain were going to give her past, but then she went up there to talk to these folks. why would she do that, nina? >> i don't know, but they keep moving the bar on her. initially they said did not
is leading the republican party. we're learning more about what mitt romney is doing with his free time. i can tell you, it's not him. >>> plus, more conflicts of interest over on fox news. wait until you hear the connection between a fox news pollster and paul ryan. >>> and the stars were out in washington for the kennedy center honors and a few zingers. we'll show you the tape. you're watching "politicsnation" on msnbc. >>> you want to win the world series, you quit when you're down 1-0? no. you keep going. do you quit when you're down 1-0 in debates? no. no. there are patients who will question, why does my mouth feel dryer than i remember it to be? there are more people taking more medication, so we see people suffering from dry mouth more so. we may see more cavities, bad breath, oral irritation. a dry mouth sufferer doesn't have to suffer. i would recommend biotene. the enzymes in biotene products help supplement enzymes that are naturally in saliva. biotene helps moisten those areas that have become dry. those that are suffering can certainly benefit from biotene. when you take a cl
. he's right, isn't he? the math doesn't add up. it didn't add up with mitt romney. it doesn't add up today. >> it doesn't add up, and those targeted revenue measures serve certain goals that we actually care about more than helping billionaires. those goals include what you just said, incentivizing charitable giving, and also home ownership, which is a middle to upper class benefit, but it's one that we've always encouraged with the mortgage interest rate deduction because we want people moving into the middle class. that matters more, that is better than just worrying about billionaires. one other point i want to hit since we're on the martin bashir show, i know this is a place for real talk so if we can have some real talk for a second. there is no fiscal cliff. there's no special deadline. these are long-term debates. you were asking mr. russert about the past negotiations because these are debates we've had in the past that we will continue to have in the future. some people would rather solve them in the bottom of the ninth. that would be better. but if we go into the tenth or 1
position before the election, and you lost. mitt romney campaigned on keeping the tax cuts for the wealthy, and he lost. and he promised to do what john bain ser doing right now, and he lost. how about some respect for the electorate? how about seeing what the 2012 presidential debate was about? obama championed tax fairness and won. republicans championed protecting that 2%, ignoring the 47% he talked about, and they lost. today boehner said he's willing to raise revenues by the same amount he agreed to back in august of 2011, the last time they had this fight. again, he's willing to act like the election never happened. no wonder. again, he lost. joining me is joy reid of the grio and howard fineman of the "huffington post." joy, you're chuckling because it is weirdly true. it's almost like groundhog day, this guy, boehner, ice not a bad guy, but he's operating on a bad thought here. the election didn't happen. >> it's incredible. it's amazing watching john boehner reach for anything, simpson/bowles which, by the way, assumed that the tax cuts for the top 2% would be gone, but he forgets
romney has been spotted at disneyland and pumping his own gas. anything to keep busy. what the former romneys are doing about their future. also triumph in the face of tragedy. a victory for the secretary of state chiefs one day after a tragic murder/suicide. big question for you. should president obama stand his ground on tax cuts for the wealthy even if it means going over the cliff. tweet me @thomasaroberts. the story keeps changing. so i'm not listening... to anyone but myself. i know better nutrition when i see it: great grains. great grains cereal starts whole and stays whole. see the seam? more processed flakes look nothing like natural grains. you can't argue with nutrition you can see. great grains. search great grains and see for yourself. for multi grain flakes that are an excellent source of fiber try great grains banana nut crunch and cranberry almond crunch. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replace
, the biggest whopper is the one about his reckless spending spree. as would be president mitt romney tells it, i will lead us out of this dt and s snding inferno. >> oh, come on. really? >> stephanie: how did that go for you, mittens? government -- so here's the graph. government spend -- would you like the fun facts? >> government spending under obama including his stimulus bill is rising at 1.4% annualized pace slower than at any time in four years. >> how outrageous. >> stephanie: look. >> that's very visual. >> stephanie: everybody look. >> see the chart? >> those poor radio people. >> stephanie: as compared to reagan 8.7%. reagan '86-'89. bush two the second term i'm talking about 8.1%. 1.4% is where obama is. >> spending, spend spend! >> outrageous! >> i won't spend that. boehner is flabbergasted. i'm really flabbergasted! >> stephanie: did you see mitch mcconnell said he burst out laughing at the president's proposal. somebody sent me a picture of a galapagos turtle. >> i'll have the last laugh. i'l
a general strike tomorrow. >>> and mitt romney is getting back to work. he'll be rejoining marriott international's board of directors in a job he held before his failed bid for the white house. since the election, romney's stayed mostly out of the spotlight and pretty quiet. he and paul ryan met with president obama in washington last week. >>> witnesses say it was terrifying, a crushing tunnel collapse about 50 miles west of tokyo. authorities have recovered nine bodies, most of them from burned vehicles. experts say aging parts in the tunnel could be to blame. the disaster has prompted japanese officials to order emergency inspections of dudsens of other tunnels with similar designs across the country. >>> and here's a sign of the times. the pope is on twitter. the vatican today revealed pope benedict's personal handle is @pontifacts. the vatican said the pope believes the catholic church must be present in the digital arena. that's going to be hard to answer a question about faith in 140 characters. >> he'll probably have 1 million followers in two hours. >> he has more than 230
to that. first, the great irony here is four weeks ago, mitt romney and paul ryan and republicans are pummeling the president for $716 billion for medicare savings that extended the life of medicare. they said they want to add all the costs back in. hopefully they are back to the position of the ryan budget to recognize they're important savings. number one. number two, the president's plan, budget, contains medicare savings than the ryan-republican plan did. we'd like to see the specifics, what are they proposing with respect to cuts to medicare? >> we can go around the healthcare barnyard again and again, about how you can't spend that money twice. and how medicare actuary said that. the $716 billion. you can either use it to shore up medicare or use it to pay for obamacare. >> right. right. but the fact is the position that mitt romney took as a presidential candidate was to put all of those costs back in to medicare. which would have meant it went insolvent eight years sooner. >> bret: but we're not talking about romney anymore. we're talking what about you'll do to find a sol
romney's strategist said they should have done a better job of reaching out to hispanic voters. we'll ask mike next. >> i would like to hear from you. go to mikehuckabee.com. tell me what you think . sign up for my facebook page and follow me on twitter. youuuuuu >> romney received 30 percent of the husband husband that is down from what president bush got in 200 much. so the gop has to figure out how to reach out to latinos to win the future election. it is a pleasure for you to be here. [ applause ] i have known you a few years and i realize that i don't know the answer to my first question. what is your first political memory in your history? >> first of all, thank you for inviting me and it is it a great honor. my first memory, would you a little boy in cub a. and so bad memories was immense government that didn't allow any room for civil society, for peist action for individuals. i carried that with me remembering how evil big government is. >> so how did that form your personal filos -- philosophy. you think there is a way for conservative to reach out to latino. how will that hort
clinton. >>> on the washington post" gives the most detailed account of romney. it says he's spending most of his time in la jolla, california, on his ipad. they say romney's seclusion is marked by suppressed conclusions, second-guessing and boredom. though they say he is not bitter. "the post" also reports the loss has been more difficult on ann romney who friends say has been crying in private and trying to get back to riding her horses. >>> someone else who might want to have a good cry. casino magnate sheldon adelson after vowing to spend $100 million to defeat president obama. the huffington post said that he actually spent $150 million. >>> the word "election" was the number one search on yahoo! this year, but don't worry because kim kardashian was still the most searched person, just in case you were. >>> and president obama and former president clinton were part of a golfing foursome sunday but no cameras were allowed. these pictures are from when they played last year. it's believed to be the president's third time hitting the links since the election. >>> finally, birther tate tr
is that 2012 was very much a beauty contest between mitt romney and barack obama. all of the issues that mattered so much in the 2010 election like health care, we didn't have that conversation. we think it should be a choice between fiscal responsibility and patient control over health care versus a bigger government solution. i think we could win that fight and i think 2014 is going to be more about issues and there's opportunities, i think, to increase the gains that we made in 2010. >> well, midterm elections are one thing and what -- and it's possible you could win arguments, but when more people vote, is it harder to win this conservative argument? >> well, mitt romney was hardly part of this new generation of fiscally responsible republicans that we've been repopulating the party with, but if you look forward to 2016, you're talking about some pretty interesting young dynamic people like marco rubio and rand paul and maybe scott walker. these are all political leaders in the republican party that weren't there when mitt romney and john mccain before him got into the queue and
, congressman west. >> a pleasure, thank you. [applause]. >> all right. this week, one of mitt romney's senior campaign strategists said they should have done a better job reaching out to hispanic voters and who do they do that in future campaigns. i'm going to ask mike gonzalez of the heritage foundation. >> and i'd like to hear from you, sign up for my facebook page and follow me on twitter. find a link to that and more at mikehuckabee.com. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like ourender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. >> mitt romney received less than 30 pest of-- 30% of the hispanic vote, less than george w. bush got in 2004. and g.o.p. has to figure out a way to reach latinos for the election. and joining me, it's a pleasure here to have you here. [applause]. >> i've known you for a few years and i realize i don't know the answer to my first question, which is what is your first political memory in your histor
about what mitt romney has been up to including having a non-home-cooked thanksgiving dinner. he ordered in from boston market for the family saying there were too many kids running around to be cooking. >> peter: how the mighty have fallen. >> photographed pumping his gas since he has no entourage to the pump it for him. >> a sad story, nothing to do. >> peter: i don't feel that bad about it. hanging out with his car elevator taking rides. spiritists one of his many homes. >> the author of the hunger games trilogy is taking a break by writing a children's picture book an auto guy graphic piece about coping with her father's military service in vietnam as told through pictures. >> bill: all right, dan, thank you. all of the talk on the sunday shows yesterday and talk here in washington is still about negotiations to avoid going over the fiscal cliff. i think it's time to call it out. i am tired of all of the crap. let's go to the chase this morning and say there is only one person standing in the way of resolving this fiscal cliff, john boehner.
is now teaming up with the president, despite the fact they supported mitt romney. they are now teaming up -- >> eating you, crawling back? >> looks like they are forcing -- they are forcing the issue, and, basically, supporting the president's position on this for higher taxes on those upper brackets. little bit of background on tom. he was a senior executive at morgan stanley in a very big democratic operative, a senioo executive, then to be hillary clinton's number two of secretary of state, and rumored, rumor, it's in the wall street washington nexus, that if jack lew is treasury secretary, highly likely if you read the tea leaves, he gets jack's job as the chief of staff. interesting meeting. this guy is a key player in the obama administration. you know, there's lots of taj about coming back to wall street. he likes it down there, and he likes working there, and that he wants a higher position, and, you know -- >> down in wall street or washington? >> washington. washington's south; right? >> of here. >> wall street's south of here too. >> but down, down there. the meetings are ab
norquist also predicted an overwhelming victory by mitt romney and was proven wrong then, too. i think he and other republicans are playing a very dangerous game with their own political futures by failing to see the connection between this situation and the situation we were in around 1995 when there was a government shutdown. republicans thought they could drive this to the bitter end, and what happened? the american voters actually blamed them, the republicans, for what happened. i think it's a pattern in american politics when things happen that are, in effect, harmful government shutdowns, if you will, or breakdowns of process, the blame usually ends up on the side of the obstructionists in the republican party. i think there are enough republicans who want to win re-election who see that the strategy of obstruction failed them in this last election. they want to pivot and make a rebrand of the republican party. those are the folks that are the deciding votes in the republican caucus, enough to combine with democrats who shorten that margin in the house to get something passed. >> an
a normal fee for service medicare to some sort of premium support plan. mitt romney adopted that in the campaign. interestingly, pete domenici and allison rivlin advocated what romney campaigned on as a fundamental change in medicare. i do think this is a reflection of progress they're exchanging numbers on paper. i talked to the senate democratic leadership. they said, we're not going to react until we hear from the white house. the president is going to have a photo op in a few minutes with the bulgarian president. we'll see if the president gets thrown a question and whether he offers a reaction. haven't heard anything from white house staff so far in reacting to this, guys. >> essentially they're picking up negotiations where they left off in august of '11 when the grand bargain fell apart. isn't this what we're talking about here? >> that is right. the speaker's office clarified the proposal they essentially laid down is drawn from erskine bowles' individual testimony to the super committee in the fall of 2011. that is to say, not the simpson/bowles recommendation itsel
'm sorry, admiral. when governor romney said that, pointed that out to president obama in the debate, he was -- we had horses and bayonets, too. he seemed to make light of that. how important is it? can you give us a sense of the impact? >> i think the president's comment is showing his inexperience in military matters. in this particular case we are going down to 220 ships. to put that number in perspective, i had 2505 ships under my command in the pacific flees. 20 percent of those 220 ships will be the literal combat ships which basically have no offensive or defensive capability. we are going to be challenged where we show weakness. and let me give you an example. just today china announced effective january 1 they have authorized their paramilitary naval forces and their police to stop all vessels in the south china sea that they consider to be there illegally if they have not requested permission. this must be rejected in the most strongest terms. this hits at the core capability of international maritime law, freedom of transit, freedom of navigation rights. lou: we have not heard
. ,,,,,,,, >> schieffer: so after a bitter and long campaign, there they were in the oval office, mitt romney and barack obama, not the first time it's happened, and that is our "face the nation" flashback. >> good luck. >> schieffer: it's become traditional for presidential winners and loseiz to get together after the election. sometimes it goes well. sometimes it doesn't. when george bush beat al gore in the bitter campaign of 2000, oit going president clinton invited bush over for a two-hour session. but bush's meeting with al devoir, the man he beat, lasted only 15 minutes. brush said he had to get back to texas for a christmas party. when richard nixon beat hubert humphrey, there was a certain been there, done that, feeling when he invited humphrey of free to chat. >> i recall in 1960 after losing a very close election that president-elect kennedy could me when i was here in florida and history repeat itself. so i know exactly how you feel. >> thank you very much. >> schieffer: after beating bob dole in 1996, bill clinton invited dole to the white house for a ceremony honoring world war ii veterans
people obviously done a lot. governor romney was a classic example i give away millions of dollars. >> what about special rates for capital gains, dividends, other things that particularly benefit the wealthy are in town? >> is the classic home break that benefits the very wealthy. they think is correct that they receive more than 90% of the benefits. people in the middle class get a little bit from the outbreak, but overwhelmingly, the majority goes to the wealthy. >> home tax loopholes alone can't solve the fiscal cliff even if you'd done been the biggest tax loopholes. they don't come close to fulfilling the deficit. how significant are these deductions when we look at their role in the big picture of solving the fiscal clef? >> they can be important, the goal is not to get rid of the budget deficit. i don't think anybody has a realistic hope of getting rid of the budget deficit and a lot of people don't want to get rid of the budget deficit. certainly, opinions differ. they can be a managing part of the deficit. >> do they play a role in negotiations and talks? there is a group
and led zeppelin. listen to this during a reception for the event mitt romney supporter kid rock ran into the president. rock says the run-in wasn't awkward, not at all. in fact he says they were able to laugh off any past rivalries. >> he said i'm still here. no hard feelings. and he remembered meeting my son when i played his inauguration, which was very special. >> and the kumbayah moment, kid rock also ran into look at that our own wolf blitzer right before the ceremony. >> cut and paste that photo. >> wolf tweeted that picture. my invitation must have blown off my desk. >> still ahead this morning on "starting point," fiery danger that's forced ford to now recall two of its best-selling models. we'll update you on that and the race against time to stop america from plunging off the fiscal cliff. obama administration said to lead the top republican in the house flabbergasted. you're watching "starting point." ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. anne's tablet called my p
. >>> and this just in, we're hearing what mitt romney will be doing in the future. we'll tell you about his new gig. >>> plus, more on our breaking news from capitol hill now getting that counteroffer from republicans to the white house, their initial starting point plan when it comes to the fiscal cliff. le announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15, seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to red lobster. yep. [ male announcer ] come try our new menu and sea food differently! and introducing 7 lunch choices for just $7.99. salad, sandwiches, and more. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> quick update for you on former republican presidential hopeful
that the president campaigned on raising tax rates, you know, and it was the big issue, between him and romney, and, they say, just as he had to cave, after your victory, in the 2010 midterms, now, it is your turn to cave on tax rates. >> what is this difference where the money comes from? we put $800 billion worth of revenue, what he is asking for, out of eliminating the top two tax rates. but, here's the problem, chris: when you go and increase tax rates, you make it more difficult for our economy to go, after that income, the small business income, it is going to get tackxed at a higher rate an as a result we'll see slower economic growth, we can't cut or grow our way out of the problem, we have to have a balanced approach and the president wants to slow or economy at a time when he says he wants the economy to grow and create jobs. >> chris: the white house says that while you have given this kind of talk, about, well, let's close loopholes and limit deductions, you have not offered any specifics, have you. >> we have laid it all out for them, a dozen ways to raise the revenue from the richest
campaigned on raising tax rates. you know, it was the big issue between him and romney and they said just as he had to cave after your victory in the 2010 mid-terms, now it's your turn to cave on tax rates. >> listen, what's the difference where the money comes from? we put $800 billion worth of revenue, which is what he's asking for, out of eliminating the top two tax rates. but here's the problem, chris. when you go and increase tax rates, you make it more difficult for our economy to grow. half of that income is small business income. it's going to get taxed at a higher rate. as a result we are going to see slower economic growth. we aren't going to be able to cut our way out of this problem, nor can we just grow our way out of the problem. we have to have a balanced approach. what the president wants to do is slow our economy at a time he wants the economy to grow and create jobs. >> the white house says that while you have given this kind of talk about, well, let's close loopholes, let's limit deductions, you haven't offered any specifics, have you? >> we've laid it all out for him a
as part of medicare, we had a presidential campaign, and here was mitt romney's ad, targeting the president. this is what he did. >> you paid into medicare for years. every paycheck. now when you need it, obama has cut $716 billion from medicare. >> now, those were not benefit cuts. those were provider payments. so if you're the president, why specify what cuts you're going to make in medicare if that's the treatment that republicans will give you? >> well, until we get to entitlements, we're really not having a serious discussion. david, all of us know what the options are. they are not going to get more narrow as -- i mean, they are going to get more narrow as time goes on and more draconian. what you're talking about is where we solve this fiscal cliff by creating another fiscal cliff down the road is totally immature. it lacks political courage. we know what needs to be done, and let's get it done over the next three weeks. the options are not going to change. >> would you call on your party not to mount that sort of opposition to the president if he specifies how he's goi
ryan -- with the ryan/romney ads were downright hypocritical and the president has greater political strength coming out of this and he's got his own plan and he's been specific on his own terms and i think when geithner sits around uttering the same talking point over and over again about tell us what you're talking about, i think it's a fair thing to do. i think the president has a political strength right now to force the republicans to offer their own very unpopular -- >> we'll see. that's what's going to get played out over the next few weeks. >> it's chicken. >> he has more leverage. doesn't have all the leverage. >> he sass some. >> he's coming out strong. >> what leverage do the republicans -- i mean yes, they have some. >> they control the house. >> yes. >> that is the fact. >> but -- the reason that john boehner doesn't have very much leverage in these discussions is he doesn't really control his own caucus. >> that's true. >> and he's not a terribly reliable negotiating partner. >> john boehner does have within his caucus a certain number of votes in his pocket that will w
, stuart, mitt romney and the republicans beat up on president obama for the last three years for cutting medicare at $716 billion. he has already showed he is willing to take a big bite out of a major entitlement program. stuart: hold on a second. i do remember it. that is not reform. that is not reforming the structure of entitlement programs. that is the issue. >> i think the focus has been on medicare. the attention now needs to be on medicare inside the aca. there were large structural reforms in the way healthcare was playing out. in fact, last year, we had a slower rate of growth and health care spending that we have had in quite a time. whether president has proposed is part of the current negotiations is another $300 billion cut in medicare. stuart: that is a cut. you do understand, that what we really -- >> stuart, that just is not true. we have not seen them play out. certainly, we will have to be coming back every year. usually, through a committee process where people vote at the end of the day. the republicans decided to take another course around the debt ceiling. i do not
. and allison schwartz me as well. mitt romney licking his wounds over an election loss he thought would never happen. hats next for him and why he's not interested in hoping to remake the republican party. plus a bittersweet victory for the kansas city chiefs as the team and its fans try to come to grips with the senseless tragedy, what drove jovan belcher to kill his girlfriend and then himself. [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't
that mitt romney might have committed a felony on his tax returns. sunday night, she e-mailed them to reach a fiscal deal. republicans have balked at raising those tax rates. they are identified by marcus at countries job creators. >> for the first time in two decades, they are there will tell revenues go up as part is the plan. but they have to tell us what they're willing to do with revenues. it's definitely very hard for republicans. reporter: earlier you saw the meeting of four congressional leaders on november 16 at the white house. at that time, harry reid spoke of a follow-up session was to be held next week. that never helped happened and the clock ticks on. jenna: we have that clock right on our screen. just in case you forgot. jon: get ready for the baby. just into fox news, prince william and his wife, the former kate middleton, they are expecting. standing in a grocery line, looking at the tabloids, and one of them said she is pregnant. they may be onto something be till they beat the palace on this one. jon: here is the very official reading from the clarence house. it reads th
code. and at the even of the date president got millions more in the popular vote than romney because americans think by and large their wealthier neighbors and wealthier americans should be paying a fairer share. it's not fair when you have the wealthiest among us paying a lower effective tax rate. megyn: is the media -- the media has been focused on the tax hikes and whether president obama is going to get them and not focused on spending cuts. is that because the republicans and the president agree the middle class needs those tax cuts and should get them. the only thing they disagree on is whether the rich should also have tax cuts given to them. the left is say we agreet middle class should get the tax cuts. so let's give them to them. >> you are comment is largely right. the republicans have gone along in a bipartisan manner with the idea there has to be revenue. the speaker has put forward a framework in which he agrees there should be $800 billion of revenue on the table. the problem is -- that's only 1/10 of the problem even if you use the cbo's number. if you raise the taxes
. but wealthy people obviously donate a lot. mitt romney was a classic example gave away millions and millions of dollars. >> host: what are the objections that benefit the upper income like special low rates for capital gains, dividends, other things that particularly benefit wealthier income? >> guest: the capital gains and dividends break is a classic greek that benefits the very wealthy. if they receive more than 90% of the benefit, certainly people in the middle-class get a little benefit from that break, but overwhelmingly the majority of that goes to the wealthy. >> host: political has history with this tax loopholes alone can't solve the fiscal cliff, even if you dump in the vaguest tax loopholes, they don't come close to closing the deficit. at best the top 10: $834 million a year. john mckinnon, how significant are deductions when we look at their role in the big picture of solving the so-called fiscal cliff? >> guest: they can be really important. the goal is not to get rid of the budget deficit. i don't think anyone who's involved in this process has a realistic hope of getting rid
this year, worked with mitt romney, on with us, author of "unintended consequences," and you say if you're going to raise taxes, you have to get something back which is what? >> make any tax increase, rolling back bush tax cuts, for example, conditional upon reaching agreement that stop the debt growing as a percent of gdp. they can't reach the agreement by the end of the year so as a part of this, agree to retroactively roll back bush tax cuts if they reach agreements. >> the democrats thought they did enough deficit cutting. >> not even close. >> right. >> 0%, you need $900 billion of tax increases or spending cuts to stop debt growing as a percent of gdp. on the $900 billion you need, you need more than that. the president, who wants to support his spending, needs enormous tax increases, and public opinion says he can blame tax increases on republicans if he's over the cliff so his threat to go over the cliff, i think, is very credible, and i think the republicans are in a very procare yows negotiating position because if they are blamed for this, they'll loss the house, and if they
. and i was surprised in the campaign that neither the president nor mitt romney actually took that as sort of a bull whip to kind of shape the argument. >> talking like that, that's why you're referred to as former republican national chairman. >> funny. >> there's an interesting, you know, i don't know, third rail option -- i don't think it will come to this -- but there's sort of a -- let's say we go over the cliff. the republicans, you know, do not -- they hold firm. we go over the cliff. then we'll no doubt reinstate the tax cuts on the middle class. so then they could have political cover for actually taking credit for the tax cuts. even though -- of course, we don't want it to come to that. that would destroy the markets, i think. >> oh, yeah. >> do you have any idea of how many times willie and i have taken this particular show over the cliff? >> we did it about 6:01 this morning. lay on the gas. by the way, "the wall street journal" is calling for republicans to call the president's bluff on. we'll get into that later. >>> coming up, in ordford ceo a mulally. also nbc
disparity. things like that. mitt romney's tax rate. those come up in that argument. listen, it may be certainly they wanted to do it before the end of the year. this having been a leverage buyout, they like to keep their leverage ratio pretty high. 4.5 times. then they generate cash flow and pay it down and go to capital markets and borrow another billion dollars and they pay two more dollars to their holders who continue to be some of the lbo firms that took it private. >> that's a game plan that works. >> it has worked well. >> rates are so low. why doesn't everybody do that? >> works well. as a former fully owned by private equity they are more comfortable with leverage than others are. >> a level of comfort that i find to be -- they are insensitive to the economy and they're a winner in obama care. 2014 begins and i'm picking numbers up. hca. even with this leverage. raising numbers, hca, 2014. i'm doing that right now. cramer firm is taking up numbers. >> you did it in your head. >> i did. i'm going to ask the sales force to go out with it and i think he can get the stock movi
rock band led zeppelin and during the reception for the event mitt romney supporter kid rock ran in to president obama. rock said the president wasn't awkward in fact he said they were able to laugh off their rivalry. >> he said i'm still here. so no hard feelings and he remembered meeting my son when i played his inauguration which was very special. >> kid rock also ran in to wolf blitzer right before the ceremony. wolf tweeted this picture hash tag very cool. >> great advice. meanwhile sunday night football action the dallas cowboys take on the eagles. really a big night for cowboys quarterback tony romo who threw three touchdown passes in the second half as he led the cowboys to a 38-33 victory. romo's also drove the cowboys record for career touchdown passes. a record previously held by troy aikman with 165. romo now has 168 career tds. >> the pope is joining twitter starting december 12th pope benedict will begin tweeting using the handle @pontifex. a vatican official told cnn the pope will be composing the tweets himself. the pontiff is no stranger to twitter. the vatican l
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